Last checked at 26 Jul 2018 14:40
26 July 2018
discoverIE Group plc
Results of Annual General Meeting
discoverIE Group plc (LSE: DSCV, "discoverIE" or "The Group"), a leading international designer, manufacturer and supplier of customised electronics to industry, announces that, at the Annual General Meeting held earlier today, all resolutions were carried on a show of hands. The following levels of proxy votes were received:
Resolution | For | Against | Chairman's Discretion | Withheld | |
1 | Receipt and Adoption of Financial Statements | 43,300,859 | 5,854,905 | 43,970 | 0 |
2 | Approval of Final Dividend | 49,155,745 | 0 | 43,990 | 0 |
3 | Approval of Remuneration Policy | 46,959,056 | 2,186,425 | 45,186 | 9,067 |
4 | Approval of Directors' Remuneration Report | 47,763,623 | 1,382,528 | 45,186 | 8,397 |
5 | Election of Bruce Thompson | 49,152,075 | 3,000 | 43,990 | 670 |
6 | Re-election of Nick Jefferies | 49,127,210 | 26,990 | 43,990 | 1,545 |
7 | Re-appointment of Auditor | 49,141,485 | 13,760 | 43,990 | 500 |
8 | Authority to fix Auditor's Remuneration | 49,152,745 | 3,000 | 43,990 | 0 |
9 | Authority to Allot Shares | 49,111,193 | 42,552 | 43,990 | 2,000 |
10 | Additional Authority to Allot Shares (rights issue) | 49,112,523 | 36,552 | 43,990 | 6,670 |
11 | Authority to Disapply Statutory Pre-Emption Rights | 49,106,938 | 48,137 | 43,990 | 670 |
12 | Additional Authority to Disapply Statutory Pre-Emption Rights (acquisition or specified capital investment) | 49,086,969 | 68,051 | 43,990 | 724 |
13 | Additional Authority to Allot Shares | 49,021,641 | 133,433 | 43,990 | 670 |
14 | Authority to Purchase Company's Own Shares | 49,117,815 | 37,929 | 43,990 | 0 |
15 | Notice of General Meetings | 48,887,973 | 267,772 | 43,990 | 0 |
16 | Approval of 2018 Renewed Long-Term Incentive Plan | 49,119,681 | 25,916 | 45,240 | 8,897 |
As at today's date discoverIE Group plc has 73,335,194 ordinary shares in issue.
A copy of the resolutions approved by Shareholders will be placed on the National Storage Mechanism.
Joanna Harkus Madge
Group Company Secretary
For further information please contact:
discoverIE Group plc
Joanna Harkus Madge - Group Company Secretary 01483 544500
Instinctif Partners
Mark Garraway 0207 457 2020
Helen Tarbet
James Gray
Notes to Editors:
About discoverIE Group plc
discoverIE Group plc (previously Acal plc) is an international group of businesses that designs, manufactures and supplies innovative components for electronic applications.
The Group provides application-specific components to original equipment manufacturers ("OEMs") internationally. With in-house engineering capability, we are able to design components to meet customer requirements, which are then manufactured and supplied, usually on a repeating basis, for their ongoing production needs. This generates a high level of repeating revenue and long term customer relationships.
By focusing on key markets which are driven by structural growth and increasing electronic content, namely renewable energy, transportation, medical and industrial connectivity, the Group aims to achieve organic growth that is well ahead of GDP and to supplement that with targeted complementary acquisitions.
The Group employs c.4,000 people and its principal operating units are located in Continental Europe, the UK, China, Sri Lanka, India and North America.
The Group is listed on the Main Market of the London Stock Exchange and is a member of the FTSE Small Cap Index, classified within the Electrical Components and Equipment subsector, and has revenue of £0.4bn. Over the last five years, revenue and underlying earnings per share have more than doubled.